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Event prediction markets like Kalshi and Polymarket are buzzing in America: Should India allow them too?
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Let the Bitcoin bubble deflate: It’s time to tokenize assets that hold intrinsic value
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The great crypto reckoning: Wake up and get real about this class of pseudo assets
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What lies ahead for Altcoins: Looking at the future of diversified portfolios
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12.12 / 13:21
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Will Trump’s plan to end birthright citizenship mean 4 of his children wouldn't be considered U.S citizens? Here's the truth
Trump's children's US citizenship would most likely not be impacted by his birthright proposal. As part of his strict measures to reduce illegal immigration, President-elect Donald Trump has suggested abolishing birthright citizenship. Nevertheless, it is untrue to say that his children with immigrants Ivana and Melania Trump would not be granted citizenship under this proposed amendment; all of them were born in the US, and even if they hadn't, their father would have granted them citizenship, as quoted in a report by AFP. On December 8, 2024, an X post with tens of thousands of interactions states, Trump’s plan to end birthright citizenship would mean 4 of his children wouldn’t be considered US citizens.
12.12 / 13:21
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US makes H-1B visa, Green Card pathways easier for international students on J-1 visa
US Department of State has announced a significant update to the Exchange Visitor Skills List, effective December 9, 2024, eliminating the two-year home residency requirement for J-1 visa holders from 34 additional countries, including India, China, South Korea, Saudi Arabia, and the UAE. However, the update does not apply to J-1 holders bound by government funding or participation in graduate medical education programs, which continue to have restrictions. This marks the first major revision of the list in 15 years and aims to enhance opportunities for global talent retention in the United States.
12.12 / 13:21
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FIU helped detection of Rs 11k crore undisclosed income, 461 kg narco seizure: FinMin
Financial Intelligence Unit (FIU) has helped in detection of undisclosed income of Rs 11,000 crore and seizure of 461 kg of narcotic drugs, the finance ministry said on Thursday. The FIU under the finance ministry collects, analyses and disseminates information to law enforcement agencies about suspicious financial transactions pertaining to money laundering, terror and proliferation financing. The intelligence shared by FIU-IND with agencies has led to Rs 983 crore worth of assets attached, Rs 2,763 crore worth criminal proceeds identified and Rs 10,998 crore undisclosed income detected.
12.12 / 13:21
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India should remain open to investments from China: Panagariya
Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially «unfriendly countries» that might damage the interest of the nation. However, developed countries are accepting investments from China in any particular sector, India can also welcome such investments. «If the US is taking investment from China, if Germany is taking, I would (be) open to their investment. The activities from which you want to exclude are relatively few because I don't see other countries restricting Chinese investment in large number of sectors,» Panagariya said at the CII Global Economic Policy Forum 2024.
12.12 / 13:21
12.12 / 13:21
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WayCool cofounder Sanjay Dasari exits after decade-long stint
Sanjay Dasari, cofounder of agritech startup WayCool, which focuses on agriculture supply chain and branded farm and food products, has stepped down after nearly a decade with the company. He will, however, continue in an advisory role. “After 9.5 incredible years building WayCool, it’s time for me to take the final step in the founder’s journey—an exit,” he said in a LinkedIn post on Wednesday. “I’ll still be involved with WayCool in an advisory role, supporting strategic projects and fundraising efforts, but I'm stepping back from the day-to-day (sic) of the company I founded and the only job I've ever known,” he added.
12.12 / 13:01
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Bengaluru: BBMP to issue bulk new e-khatas to developers for new properties for ease of flat registration
Bruhat Bengaluru Mahanagara Palike (BBMP) will release a new module for issuance of new khatas to developers of apartments and commercial buildings projects in about a week's time for new properties which do not have BBMP Khatas. «Earlier, the builders/developers used to sell individual units, and the buyers would later apply for khatas. Now we will issue e-khatas for all units in one go to developers,» BBMP Special Commissioner (Revenue) Munish Moudgil told ET. The BBMP would issue as many e-khatas to the developer as he wants as per approved plan, who would in turn pass them on to individual buyers through a registered sale deed. This applies to all sorts of new property developments such as housing, commercial and mixed-use involving multiple units, the BBMP special commissioner said.
12.12 / 13:01
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NYT connections hints, answers December 12 - Clues to solve New York Times connections puzzle
NYT connections hints for December 12 are out now and we have New York Times Connections answers ready for readers. NYT Connections 550 hints and answers for Thursday can be checked here. One can play NYT connections on New York Times App and website. New York Times Connections feature four groups — Yellow, Green, Blue, Purple. Yellow Group — Sounded words begin with 'T'.
12.12 / 13:01
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Tech View: 100 DEMA to play key support for Nifty, buy on dips recommended. How to trade on Friday
Nifty started Thursday on a negative note and stayed under pressure throughout the day, settling negatively at 24,549 levels. The volatility index India VIX dropped by 0.58% to 13.19 levels, indicating a decrease in market volatility. Technically, on the daily chart, the index formed a small red candle. The index has retested the rounding bottom pattern breakout, which is around 24,540. Overall, Nifty witnessed a time-wise correction during the past few days. Once this timewise correction is over, the index is anticipated to resume its upward journey. On the downside, 100-Day Exponential Moving Average (100-DEMA) support is placed near 24,350. As long as the index sustains above it, traders are advised to adopt buy-on-dips strategy. On the upside, the index might test the levels of 24,800-25,000 in the short term, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.
12.12 / 13:01
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Zuckerberg becomes the talk of 'X'-town as Meta faces global outage: Inside the netizens' meme-fest
Mark Zuckerberg has become the talk of the X (formerly twitter) town after the social media networks associated with his company--Facebook, Instagram and WhatsApp suffered a global outage late Wednesday. Shortly after users from the three platforms started experiencing trouble and were unable to access content, they turned to Elon Musk-owned X to share their complaints, which soon turned into a meme-fest. From comparing Mark Zuckerberg with Elon Musk to criticising the Meta founder, users took hilarious videos and conveyed their message through satirical content.
12.12 / 13:01
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ASK Hedge Solutions launches second large-cap AIF fund
Fund (AIF), the ASK Index Plus Fund, which requires a minimum investment of Rs 1 crore. The fund is ASK Hedge Solutions' second offering under the Category III Alternative Investment Fund (AIF) structure. ASK Index Plus Fund is aimed at high-net-worth individuals (HNIs) seeking innovative portfolio management solutions, the company said in a press release.
12.12 / 13:01
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Mobikwik IPO subscribed 17 times, driven by retail investors
Mobikwik Systems, which runs the digital payment application Mobikwik, saw its initial public offering being subscribed 17 times at the end of the second day, data from the BSE showed. Showing healthy demand from investors, the retail portion of the IPO was subscribed 58 times, while the non-institutional portion was booked 22 times. However, institutional buyers are yet to fully subscribe to the shares reserved for them. The IPO saw full subscription in the first few hours of its opening on Wednesday.
12.12 / 13:01
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Voice AI startup Vapi raises $20 million in Bessemer, Y Combinator-backed round
Vapi, a San Francisco-based startup that helps businesses deploy artificial intelligence-powered voice agents, said on Thursday it raised $20 million from investors, including Bessemer Venture Partners and Y Combinator, in an early-stage funding round. The fundraise valued Vapi at $130 million, according to a source familiar with the matter. Other investors in the round included Abstract Ventures, AI Grant, Saga Ventures and Michael Ovitz, who co-founded the influential Creative Artists Agency.
12.12 / 13:01
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Discoms outstanding dues decline 82 pc in over 2 years to Rs 24k cr
Power distribution utilities (discoms) legacy dues have come down by a whopping 82 per cent in over two years to Rs 24,684 crore this month, Parliament was informed on Thursday. Around 13 states reported arrears amounting to Rs 1,39,947 crore as of June 3, 2022, and rescheduled them into EMIs (equated monthly installments), Minister of State for Power Shripad Naik said in a written reply to Rajya Sabha. The minister said after the payment of 29 EMIs by the distribution utilities, including pre-payment of legacy dues by some utilities, the outstanding dues have reduced to Rs 24,684 crore as of December 6, 2024. The discoms have paid Rs 1,15,263 crore outstanding since June 2022, he added.
12.12 / 13:01
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Steel Ministry proposes 37% purchase preference to green steel in government tenders
steel ministry has proposed that over a third of the total government steel procurement will be of low carbon variant. This 'Green steel' is defined as steel produced with emissions lower than 2.2 tonnes of carbon dioxide per tonne of finished steel. A star-rated grading system will also measure the greenness of steel, with five-star rating for emission intensity lower than 1.6 tonnes of CO2 equivalent per tonne of finished steel. According to a steel ministry presentation, up to 37% of all future steel procurement will be earmarked for green steel as an incentive to lower carbon intensity. A definition for Green steel was also announced by the Steel Ministry on Thursday. Speaking at an event to the mark the same, Union Steel Minister, H D Kumaraswamy said, «The green steel taxonomy will help set a benchmark for adopting global best practices and help India emerge as global leader in green steel production.»
12.12 / 13:01
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Gold rises Rs 500 per 10 gm; silver at Rs 97,000 per kg
Gold prices climbed Rs 500 to Rs 80,900 per 10 grams in the national capital on Thursday due to persistent buying by retailers and jewellers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity finished at Rs 80,400 per 10 grams in the previous trading session. The yellow metal has jumped nearly Rs 2,000 in the past three sessions.
12.12 / 11:53
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India may extend duty-free yellow pea imports by two months to keep prices of pulses under control
Subscribe to enjoy similar stories. New Delhi: The government is considering extending duty-free import of yellow peas for a few more months, possibly until February, to help lower prices and address shortages of tur (pigeon pea) and chana (gram), two people familiar with the matter said. An official notification to this effect is expected soon, as duty-free import of yellow peas is currently allowed until the end of December.
12.12 / 11:53
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Investors shouldn’t count on much help from the Fed next year
Subscribe to enjoy similar stories. Could the Federal Reserve be done cutting rates after December? That shouldn’t be ruled out. Markets seemed undisturbed by Wednesday’s inflation data, which showed consumer prices rising 2.7% in November from a year earlier, up from 2.6% in October.
12.12 / 11:53
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The Big Bang Music Festival: An event rooted in Assam's creative community
Subscribe to enjoy similar stories. For Daniel Langthasa, 40, and Avantika Roohi Haflongbar, 39, starting a music festival on wheels was a dream. A little over a decade ago, they entered their idea for a music festival that travelled across the Northeast in a entrepreneurship contest and won the first prize.
12.12 / 10:11
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Insurers must report claims data in greater detail to improve accountability
The Insurance Broking Association of India recently published a report on general insurance claims, which includes a simple comparison of various insurers’ claims performance across a range of metrics. The data is also broken down by line of business – health, motor, fire, etc.
12.12 / 10:11
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Mistakes people make when porting a health insurance policy
NEW DELHI: The renewal of your existing health plan is just around the corner, and you've started receiving calls to port your policy. If you are unhappy with your existing insurer or the health plan, you may end up entertaining those calls.
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